The statistic presents the personal saving rate in the United States from November 2013 to November 2015. Personal saving rate is calculated as the ratio of personal saving to disposable personal income.

In November 2015, the personal saving rate in the United States amounted to 5.5 percent.

Personal savings – additional information

Saving refers to strategies of accumulating capital for future use by either not spending a part of one’s income or cutting down on certain costs.According to a recent survey carried out by T. Rowe Price in January 2015, over 40 percent of parents in the United States considered themselves savers rather than spenders.

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Personal saving rate in the United States

Acquiring liquidity proved to be the main reason for saving, followed by saving for retirement, purchases, education and family expenses. The saved money may be preserved as cash, put on a deposit account or invested in various financial instruments. Investing usually incorporates some level of risk which means that part of the invested money can be gone.

The example of a relatively safe investment would be saving bonds, debt securities issued by the U.S. Department of the Treasury. The U.S. Federal Reserve estimated that 12.5 percent of U.S. families, where the family head was aged 35 to 44, owned saving bonds in 2013.

Overall, 53 percent of families put money aside in 2013, slightly more than in the previous year.

The personal saving rate in the United States amounted to 5 percent in 2014, as opposed to 12.9 percent in 1970.

The personal savings in the United States amounted to 614 billion U.S. dollars in the fourth quarter of 2014.